In Germany, Oil and Fat Prices Rose by Almost 45% In August

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Food prices in Germany in August rose by 16.6% compared to the same month last year – a monthly increase has been recorded in the country for the sixth month in a row. This was reported by the Federal Statistical Office of Germany (Destatis).

According to experts, prices for goods in the category ” Fats and oils ” increased most of all last month – by 44.5%. Also in August, dairy products and eggs became much more expensive in Germany – by almost 27%.

German consumers also had to pay significantly more for meat and meat products (+18.6%), bread and cereals (+17.1%).

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In general, inflation in Germany accelerated in August and amounted to 7.9% . In July, this figure was at the level of 7.5%. It was in June – 7.6%.

“Rising energy prices are still the main reason for high inflation,” said Georg Thiel, head of the Federal Statistical Office.